Prior literature on reporting of firms has upraised a concern about the utility of traditional reporting of the firm for better decision making. Traditional reporting offer imperfect information have been criticized for their historical orientation.in this context, the importance of inculcating the non-financial information including intellectual capital into the reporting framework of the companies has arisen. The IIRC(international integrated reporting council) working on integrated reporting come up with an ample reporting framework which shows the importance of including non-financial information in the firms reporting framework. Intellectual capital(IC)has considered as an important element in non-financial information. Past literature has identified that IC information can reduce the increasing disparity amongmarket to book value of a company. Hence IC information has to consider as at most important item that has to be incorporated in the corporate reporting framework at the earliest. So, the core is that IC of a firm add value to the firm and that would reflect in the market, especially in the knowledge era where the importance of intangible assets are getting more and more.